Tag: Credai

Project clearance has to be done responsibly and by the experts. Seeking a solution for irresponsible project clearance cases, MCHI sought two expert panels. It seems that the Thane Building collapse has shaken the builders and developers in Maharashtra. After the incident, it was reported that the project clearance was granted to the builder violating […]

Recently Reserve Bank of India has cut its rates by 0.25 per cent. However this has not satisfied the realty developers, who say that the rate cut is insufficient to boost home sales. Reserve Bank of India has recently cut its rates by 0.25 per cent. Though the realty developers welcomed the RBI move, they […]

Gaining the permission from Chennai Metropolitan Development Authority developers are planning to convert the vacant IT buildings to shopping malls. Considering the petitions filed by the builders who have vacant IT buildings, Chennai Metropolitan Development Authority finally granted permission for converting them into shopping malls. This could have made the developers breathe air of relaxation.

Vacant Properties in Vadodara is said to have crossed 1-lakh figure. The list of vacant properties in Vadodara came up in an RTI Reply issued to a native of Vadodara. Arising confusion, an RTI Reply stated that there are more than one lakh vacant properties in Vadodara. According to the RTI Reply there are 1.2 […]

Builders differ on the Real Estate Regulatory Bill, presented as a boon to the developers by the government. Many see Regulatory Bill as unfair while others see it as fair as it will block the unscrupulous and dubious builders. Prospective buyers are happy that their rights will be more protected with the launch of Regulatory […]

CREDAI shows its doubts over the success of Maharashtra Industrial Development Corporation’s (MIDC) newly launched SEZ policy which allows more SEZ land for residential development. CREDAI said that the new SEZ policy may not bring the desired end. CREDAI’s national head Mr. Lalit Kumar Jain expressed his doubt over the success of new SEZ policy […]

Land Acquisition Bill was recently passed by the Union Cabinet. Though it ensures more rights to the farmers, Land Acquisition Bill will in fact cause the price hike, opine Real estate experts. With the approval of Land Acquisition Bill, the consent of the land owners has become mandatory for all real estate projects. This bill […]

Real estate developers’ apex confederation asked its members to offload their unsold properties by lowering prices. CREDAI cautioned the necessity of selling of unsold real estate properties. CREDAI’s national president Mr. Lalit Kumar Jain disclosed that the real estate builders would consider offloading their properties at lower rates. He was answering to the suggestions of […]

MHUPA- Housing and Urban poverty alleviation ministry- decided to launch New Real Estate Bill. This decision was welcomed by the home buyers but not CREDAI. The new Real estate Bill is believed to be implemented in the current winter session of the parliament. CREDAI Showed its displeasure over the new Real estate Bill which is […]

Announcement of a memorandum of understanding (MoU) between the Confederation of Real Estate Developers Association of India (CREDAI) and the Karnataka State Fire and Emergency Services (KSFES) Department on fire safety certification has raised quite a few eyebrows in the real estate industry. While an industry expert questioned how “credible” would the entire process be, […]

Initially, several developers declined to abide by the code of conduct laid down by CREDAI. Following this, the association has expelled several developers, while some have resigned discontinuing their involvement with the organisation. Opposing the self-regulation code, the builders refused to sign the association’s code of conduct. The bone of contention for builders was the code […]

The much-awaited regulatory Bill for the real estate sector is still a long way off. The draft Real Estate Regulation Bill will not be tabled during the current session of Parliament, a senior official in the Ministry of Housing and Urban Poverty Alleviation has confirmed. The Bill has been in the making for several years […]

The interest rate sensitive realty industry Tuesday welcomed the Reserve Bank of India’s (RBI) decision to cut key lending rates by 50 basis points, and felt the move will boost builders’ and home loan customers’ sentiments alike. “For the real estate in particular, this is indeed a welcome step by RBI. While the sector was […]

Realty firms on Tuesday hailed the RBI’s decision to cut short-term lending rate saying the move would reduce the cost of funds to home buyers as well as developers and boost property demand. “Reserve Bank’s decision to cut the repo rate by 50 basis points and abolish pre-payment penalties is a good move for home […]

Realty glitters in the diamond city. Real estate sector has witnessed a 100 per cent growth in the past two years, aided by a number of factors like vertical development, business opportunities and influx of people from other places. Om Ahuja, CEO-residential services, Jones Lang LaSalle (JLL) India, said, “In cities like Surat, the growth is directly related to […]

The real estate developers on Thursday reacted sharply to the Bhubaneswar Development Authority’s (BDA) move to change the definition of “apartment” and “group housing.” Talking to reporters here, Confederation of Real Estate Developers Association of India (CREDAI) state president D S Tripathy said the new definitions are vague and will result in the harassment of people while […]

The way to increase construction of houses is to simplify administrative procedures, introduce land reforms and changes in banking and taxation systems, according to Mr Lalit Jain, National President of Confederation of Real Estate Developers Association of India (CREDAI). The developers have decided to make a representation to the Central Government on the issue of […]

The real estate industry is at loggerheads with the state government after a directive by the Urban Development Department to private developers that they reserve 20 per cent of plots and tenements for the economically weaker sections (EWS). The move is being opposed not only by individual developers but also by the Confederation of Real […]

When it comes to ease of approval and a good bureaucratic set up for real estate, Bihar seems to be better opportunity than Maharashtra, according to Lalitkumar Jain, real estate tycoon and president of Confederation of Real Estate Developer’s Association of India (CREDAI). Jain was speaking to DNA against the backdrop of the first ever all […]

A workshop by arranged by CREDAI, The Confederation of Real Estate Developers’ Association of India on September 7 at Ocean Pearl, Mangalore. The district in-charge minister Krishna J Palemar inaugurated the workshop and said that people have already disobeyed law in the past and have undertaken illegal construction due to which city lacks in proper […]

According to CREDAI, the Confederation of Real Estate Developers Association of India, due to the application of service tax as per the union budget 2010, the property prices will experience an increase. All of us are aware of the fact that this service tax has come into effect since July 1. For those who don’t, […]

In the Visakhapatnam chapter, regarding the disputes between buyers and builders, on Thursday, the Confederation of Real Estate Developers’ Association of India (CREDAI) took responsibility of being a mediator so as to arbitrate the disputes. A code of conduct was formally released by code of conduct, national president, CREDAI. This code was originally brought by […]

Photo by on Vacation ModeOne of the most prominent bodies of realty developers and builders, Maharashtra Chamber of Housing Industry (MCHI) has planned to showcase the phenomenal work of Indian builders in the field of property in the 13th India Realty Expo 2010. This expo is scheduled from 3rd to 5th June, 2010 in Dubai, […]